Leasing an apartment can be an intimidating process, but it doesn’t have to be. Here are three crucial steps a landlord should take before leasing a property to a tenant.
Have a Rental Agreement
Before you lease an apartment, get a written or verbal agreement with your tenants to ensure that both parties are aware of their legal rights and obligations. While it is not always necessary to have a written rental agreement, having one in writing can protect you from future disputes with tenants.
The rental agreement should address when rent is due, the length of the lease, and when a tenant should notify you that they intend to move out of the property. You can also include in the agreement what steps will be taken should a tenant fail to pay rent on time or cause undue damage to the property.
The Property Must Be Habitable
Prior to leasing an apartment, be sure that the property is habitable. This means that the apartment should be clean and in good condition. Any wear on the property caused by previous tenants should be addressed. Large appliances such as refrigerators or washing machines should be in working order, too. The plumbing and gas for the property should also be in working order, as well as heat. It is a good idea to provide Peepholes on main entry doors, as well as dead bolts for the safety of the tenant, and in some places it may even be required. Smoke alarms should be provided and supplied with the first set of batteries.
Be Aware of Your Rights and Duties as a Landlord
Knowing the laws that apply to leasing Phoenix apartments can be important if a dispute or other problem arises with a tenant. It can also help you avoid having a dispute with a tenant. Having a knowledge of the laws in your area will mean that you are aware of what you are required by law to provide for your tenants.
It also helps to be aware of your tenant’s rights and responsibilities. This can help you to write up an appropriate rental agreement that will meet both your needs and the needs of your tenants. Knowing what is required of you as a landlord gives you an opportunity to make sure those needs are met.
In the end, the most important step in the leasing process is being prepared. If you are prepared with a rental agreement, knowing your rights and duties as a landlord, and having a habitable property ready for your tenants, you will be well on your way to a successful landlord-tenant relationship.